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Strategies & Market Trends : "Whisper Numbers"

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From: drmicrocap	4/29/2016 2:26:52 PM
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6:36 am Newell Brands beats by $0.02, beats on revs; guides FY16 EPS above consensus ( NWL) : Reports Q1 (Mar) earnings of $0.40 per share, $0.02 better than the Capital IQ Consensus of $0.38; revenues rose 4.0% year/year to $1.31 bln vs the $1.3 bln Capital IQ Consensus. 100 basis point increase in normalized operating margin compared to the prior year, while simultaneously increasing advertising and promotion investment by 40 basis points; 170 basis point increase in reported operating margin compared to the prior year.Co issues guidance for FY16, sees EPS of $2.75-2.90 vs. $2.60 Capital IQ Consensus Estimate; sees FY16 revs of +3-4% to ~$1.35-1.37 bln, may not be comparable to $13.42 bln Capital IQ Consensus Estimate. As of April 15, 2016, Newell Brands core sales will include pro forma core sales associated with the Jarden transaction as if the combination occurred April 15, 2015. Core sales excludes the impact of foreign currency, all acquisitions until their first anniversary and all planned and completed divestitures (which includes the deconsolidation of Venezuela), but includes the negative impact of planned product line exits.

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